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Reliance Industries powers Indian shares ahead of June quarter earnings

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Indian shares advanced on Monday, led by heavyweight Reliance Industries, ahead of the corporate earnings for the June quarter.

to "hold" from "buy" and flagged more earnings downgrades in the sector post the June quarter results due to a reduction in clients' spending.

and HCLTech will report their June quarter numbers on July 12 while Wipro's earnings are due on July 13.Asian markets were marginally higher on Monday, while Wall Street equities remained subdued on Friday, on persisting concerns about further rate hikes in the United States.

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